Owner, developer of The Harbor files for Chapter 11 reorganization

The company which developed and owns the lakeside entertainment and shopping district in Rockwall called The Harbor has filed for reorganization under Chapter 11 of the federal bankruptcy code.

According to a City of Rockwall news release issued late Tuesday afternoon, the City has been notified that Mariah Bay Leasing Corporation, owned by Rockwall-area residents Rob and Sarah Whittle, filed for reorganization so the company could address their financing issues and “come out of this in a stronger and better position.”

Rob Whittle says that business is actually “off  the charts” and never been better at the restaurants, movie theater and hotel, but that he’s trying to get the debt reorganized and interest rates reduced “so retailers can get the rent concessions we need to give them.”

Twelve businesses have gone out of business since The Harbor opened in November, 2006. Seventeen businesses are currently open there.

For more details about the reorganization, read the more complete story at TheRockwallNews.com.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s